Which of the following statements is/are correct in terms of Direct and Indirect taxes? 1. Excise duty and sales tax are examples of indirect taxes 2. Taxes like income tax and property tax are direct taxes 3. There is no difference between Direct and Indirect tax Select the correct answer using the code given below:

Which of the following statements is/are correct in terms o

1.	Which of the following statements is/are correct in terms of Direct and Indirect taxes? 1. Excise duty and sales tax are examples of indirect taxes 2. Taxes like income tax and property tax are direct taxes 3. There is no difference between Direct and Indirect tax Select the correct answer using the code given below:
A.	1 only
B.	2 only
C.	1 and 2
D.	1, 2 and 3
Answer» D. 1, 2 and 3